3535 Linda Vista Drive
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3535 Linda Vista Drive #58

A

San Marcos, CA 92078

$315,000
NEW — 2d

Beds

2

Baths

2

Sqft

1,440

Year Built

1975

Days on Market

2

Property Type

Mfd/Mobile Home

HOA/mo

N/A

MLS ID

NDP2600627

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Lovely well cared for and updated home located in a 55+ resort style community with many amenities and city rent control! This home features waterproof Luxury Vinyl Plank floors throughout, as well as updated interior paint, molding, and fixtures. The Island Kitchen features new quartz counter tops, backsplash, and all newer appliances (with the exception of the oven.) This open floor plan has Separate Living and Family rooms providing plenty of space for leisure or entertaining. A solar tube in the Family room helps make this home feel bright and cheerful. The Primary Suite has a door that leads out to a raised garden bed and private back patio. There is Central A/C in addition to ceiling fans located in both bedrooms and the Living and Family room for a total of four. An oversized enclosed porch offers additional usable space not accounted for in the 1440 Sq.Ft.; This space makes a great sitting room, office, exercise or hobby room. The exterior offers TWO storage sheds for even more storage space. Rancho Vallecitos is a beautiful, 5-Star, resort style community for persons 55 years of age and over (2nd resident can be age 45+). One of the most beautiful manufactured home communities in California, Rancho Vallecitos has great views that can be enjoyed throughout the community, plus many social activities and amenities. Amenities include a clubhouse/recreation building, pool & spa, library, gym, billiards room, card tables, game and craft room, putting green, dog park, RV parking for an additional cost, and so much more! Space rent is $716.34 and park is under city rent control.

Mortgage Calculator

Est. Monthly Payment

$2,000

Principal & Interest$1,593
Property Tax$315
Insurance$92
%($63,000)
%

Location

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Investment Score

80A
Est. Monthly Rent
$2,048
Monthly Cashflow

Rent − PITIA

+$48
Full Cashflow

Incl. vacancy, PM, maint, capex

$-685

Mortgage (P+I)
$1,593
Cap Rate
3.46%
Cash-on-Cash
-13.05%
DSCR

Need ≥ 1.25 for DSCR loan

1.02
Break-even Rent
$2,938

NOI (Annual)
$10,890
Price-to-Rent

Lower = better for investors

12.8

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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